The law of increasing costs holds that the opportunity cost:
A) of a good decreases as the quantity of the good produced increases.
B) of a good is proportional to the resources used in its production.
C) of a good increases as more of the good is produced.
D) of a good does not change with the resources used its production.
E) changes as more of the good is produced.
Correct Answer:
Verified
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Q85: Exhibit 2-4 Production possibilities curve data
Q86: Given a production possibilities curve, a point:
A)
Q87: Any point inside the production possibility curve
Q88: Exhibit 2-4 Production possibilities curve data
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